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Having trusted internal mentors for employees to turn to for career guidance can be an extremely valuable asset for businesses, particularly when it comes to long-term employee retention and succession planning. A recent report from Enhancy—based on survey data from 1000 respondents—sheds some light on where employees tend to turn when it comes to career […]
It’s often difficult for a long-serving leader to step aside and let a younger generation take the reins. That’s true in both business and in politics, and business leaders can likely draw some lessons in succession planning from the recent experience of the Democratic Party in settling on a nominee for president. Leadership in Politics […]
Regardless of personal politics, this summer’s unplanned transition of the democratic nominee from Joe Biden to Kamala Harris has been a critical reminder of the need for CEO succession planning. The rapid transition from Biden to Harris, coupled with the immense pressure CEOs are under due to changing market conditions, has led to discussions among […]
While not a conventional source of inspiration for human resources (HR) professionals, the Godfather movie series can provide a rich narrative that is applicable to organizational behavior. For example, succession planning plays a pivotal role in the series, shaping the narrative and demonstrating the complexities and importance of ensuring leadership continuity in any organization or […]
It’s hard to think of a more important contributor to an organization’s long-term success than the cultivation of new leaders. Developing internal talent is almost always the most effective HR strategy—you can’t necessarily rely on outside hires to fit your company’s culture, mindset, and staffing needs. Succession planning is a business strategy companies use to […]
Succession planning is an essential part of any corporation’s operations, and the role of CEO is integral to succession planning success. However, as Elena Lytkina Botelho, Shoma Chatterjee Hayden, and BJ Wright point out in an article for Harvard Business Review, many companies fail to properly plan for their CEOs’ succession. This can have serious […]
Effective leaders plan for the future, including for a time when others will step into their roles. Leaders can learn a lot about succession planning from Yoda, the fictional but wise Grand Master of the Jedi Order in Star Wars.
Effective leaders plan for the future, including for a time when others will step into their roles. Leaders can learn a lot about succession planning from Yoda, the fictional but wise Grand Master of the Jedi Order in Star Wars.
While employers across the country are gearing up to attract talent in the coming year, one position that won’t require any recruiting is that of Chief Financial Officer (CFO). A new survey, released by Robert Half Management Resources, finds that almost half of all respondents say their company doesn’t have a succession plan in place […]
Succession plans are a great way of filling executive seats during these difficult hiring times. However, there are some rules and best practices you need to consider before carving your succession plan into stone.